The Latest Breaking News from Interest Rates

In 1981 Thatcher took the drastic but successful step of increasing taxes by 2% of GDP to tackle interest rates and inflation. But Truss has just done a reverse-Thatcher, says Oliver Hartwich

Oil prices jumped by more than $3 on Monday as OPEC+ considers reducing output by more than 1 million barrels per day (bpd) to buttress prices with what would be its biggest cut since the start of the COVID-19 pandemic. Brent crude futures rebounded $3.37, or 4%, to $88.51 a…

Australia’s housing correction may not be as bad as feared as buyers take rising interest rates “in their stride”, a leading economist says.

The stock market has had a tumultuous 2022 so far, with major indices such as the S&P 500 and the Nasdaq Composite in bear market territory. But according to market professionals surveyed in Bankrate’s Third-Quarter Market Mavens survey, the outlook for stocks should improve over the coming year. The group…

Borrowing costs at their highest level in 14 years

Australian shares have fallen on Monday, as investors fretted that aggressive interest rate hikes to bring down red-hot inflation would tip the global economy into recession.

Industry leaders have called on the government and related authorities to do more to prevent the depreciation of the baht and mitigate the impact of the Bank of Thailand's latest policy rate hike.

Campaigners say low-income countries urgently need debt relief on foreign borrowings as their interest rates soar

Interest rate hikes are continuing to hit the property market, with capital city housing markets falling by up to 6 per cent in the past three months.

Thanks to Truss and Kwarteng, the country is now far riskier for the investors who finance our trade and budget deficits

A weak pound threatens to exacerbate the cost of living crisis and drive up the cost of mortgages and foreign holidays